BidaskClub Lowers STORE Capital Corporation (STOR) to Sell

BidaskClub cut shares of STORE Capital Corporation (NYSE:STOR) from a hold rating to a sell rating in a research report released on Sunday morning.

STOR has been the subject of a number of other research reports. Zacks Investment Research raised STORE Capital Corporation from a strong sell rating to a hold rating in a research report on Tuesday, August 29th. Ladenburg Thalmann Financial Services reaffirmed a hold rating on shares of STORE Capital Corporation in a research report on Thursday, August 3rd. Mizuho raised STORE Capital Corporation from a neutral rating to a buy rating and upped their target price for the stock from $23.50 to $27.00 in a research report on Thursday, August 31st. Stifel Nicolaus upped their target price on STORE Capital Corporation from $25.00 to $27.00 and gave the stock a buy rating in a research report on Monday, October 16th. Finally, TheStreet raised STORE Capital Corporation from a c rating to a b- rating in a research report on Thursday, August 3rd. One analyst has rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the stock. STORE Capital Corporation has an average rating of Buy and a consensus target price of $27.09.

Shares of STORE Capital Corporation (NYSE:STOR) opened at 24.69 on Friday. The stock has a market cap of $4.68 billion, a price-to-earnings ratio of 24.89 and a beta of 0.23. The stock’s 50 day moving average is $25.26 and its 200-day moving average is $23.44. STORE Capital Corporation has a 1-year low of $19.65 and a 1-year high of $27.00.

STORE Capital Corporation (NYSE:STOR) last announced its earnings results on Thursday, August 3rd. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.07). The company had revenue of $114.21 million for the quarter, compared to the consensus estimate of $112.27 million. STORE Capital Corporation had a return on equity of 5.98% and a net margin of 38.71%. The firm’s revenue for the quarter was up 24.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.38 EPS. On average, analysts anticipate that STORE Capital Corporation will post $0.87 EPS for the current year.

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The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Friday, September 29th were given a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 5.02%. This is a boost from STORE Capital Corporation’s previous quarterly dividend of $0.29. The ex-dividend date was Thursday, September 28th. STORE Capital Corporation’s dividend payout ratio is currently 126.53%.

In other STORE Capital Corporation news, Director William Franklin Hipp acquired 4,000 shares of STORE Capital Corporation stock in a transaction dated Thursday, August 17th. The stock was bought at an average cost of $25.18 per share, with a total value of $100,720.00. Following the completion of the transaction, the director now owns 18,499 shares of the company’s stock, valued at $465,804.82. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.90% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Pecaut & CO. bought a new stake in shares of STORE Capital Corporation in the third quarter valued at approximately $535,000. RMR Advisors LLC boosted its position in shares of STORE Capital Corporation by 100.0% in the third quarter. RMR Advisors LLC now owns 40,000 shares of the real estate investment trust’s stock valued at $995,000 after acquiring an additional 20,000 shares during the period. Honeywell International Inc. boosted its position in shares of STORE Capital Corporation by 27.8% in the third quarter. Honeywell International Inc. now owns 28,105 shares of the real estate investment trust’s stock valued at $699,000 after acquiring an additional 6,105 shares during the period. First Trust Advisors LP boosted its position in shares of STORE Capital Corporation by 7.5% in the third quarter. First Trust Advisors LP now owns 125,255 shares of the real estate investment trust’s stock valued at $3,115,000 after acquiring an additional 8,744 shares during the period. Finally, Nationwide Fund Advisors boosted its position in shares of STORE Capital Corporation by 2.9% in the third quarter. Nationwide Fund Advisors now owns 588,814 shares of the real estate investment trust’s stock valued at $14,644,000 after acquiring an additional 16,430 shares during the period.

About STORE Capital Corporation

STORE Capital Corporation is an internally managed net-lease real estate investment trust. The Company is engaged in the acquisition, investment and management of single tenant operational real estate (STORE) properties. As of December 31, 2016, the Company owned a portfolio that consisted of investments in 1,660 property locations operated by 360 customers across 48 states.

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